aramBull_Bearnando

aramBull_Bearnando Updated 

Apple was not able to break below its $142.54 level of Support on 8/19. Buyers came in to take a bite of the apple and were able to take it higher last week. Last week on Thurs 8/26 the sellers came in to push the market lower but the force of the buyers was bigger and on Friday they stepped in once again not allowing Apple to test its newly developed level of...

aramBull_Bearnando

The Primary trend is loosing steam but one must trade with the trend until it reverse, they usually reverse on levels of Supply or Demand, Support or resistance, or significant levels of confluence. In this case we are in an ATH, therefore an extension is necessary to indicate where price may go. Primary trend is still up and with Fridays close above the ATH the...

aramBull_Bearnando Updated 

Trade is active. Long term play (Weeks-Months) Target 1 : 14750, Target 2 :15000, Target 3 : 15450. STOP : 12200

aramBull_Bearnando Updated 

SNOW has been around since 2012 but IPO'd last year in September at a higher valuation than its initial public offer of $120. The IPO valuation started at $245 on Sept 16 2020 with the high of that day going all the way to $319. It didn't take long to reach an ATH of $429 right around December 2020. Ever since the ATH it has been in a momentum downtrend spiral...

aramBull_Bearnando Updated 

Tesla has not been able to get back to its ATH of $900 post split. I want to be Bullish but I am Bearish short-term, I must listen to price action and market conditions and not to my opinion, my opinion doesn't matter. I always ask myself how good are the conditions for investing and measure the level of risk, this is how one keeps Risk at arms length. As...

aramBull_Bearnando Updated 

It has been 10 days of SW movement, and no clear indication as to where the ES will breakout to. It has been mixed, the supply level has been tested multiple times and buyers cannot seem to pick up its momentum to break this to ATHs. In this 240min chart we can observe a bearish divergence between price and volume (price is giving us Higher Lows but Volume is...

aramBull_Bearnando Updated 

I know my husky is excited about CHEWY reporting earnings this week. With market profile supply around $80 I must be bearish . There is a lot of areas of supply above those levels. The trendline that began last year in March was finally broken in April this year with a close below the trend line . It rallied afterwards for a few days but all it was, a dead cat...

aramBull_Bearnando Updated 

The EV rally? Where has EV recently gone, seems like everyone thought that EV stocks would go to the moon after governor Newsom announced that he will aggressively move the state further away from its reliance on climate change by issuing an executive order requiring sales of all new passenger vehicles to be zero-emission by 2035 and additional measures to...

aramBull_Bearnando Updated 

UPDATE: ES did exactly as plan for the past week. If the ES can break above 4179.50 with a very strong candle close, odds are that a new ATH will occur. The 100 and 127% extensions are right on point near the ATH. I am leaning more BULLISH, do not ignore the evidence of changing circumstances, this market can change in a heartbeat. The Primary trend remains...

aramBull_Bearnando Updated 

ES did exactly as planned. It came to the 240min/D level of confluence around 4031 and reached target as it bounced lower from the level of supply that was displayed on yesterdays analysis "ES on a WEDNESDAY." Witness how the 4120.50 (orange line) mentioned on a previous post underwent polarity (a level of previous support turned to resistance) which made it my...

aramBull_Bearnando Updated 

What a move! As mentioned on previous post if there was a close below 4120.50 there was nothing stopping it from a massive drop towards the 240min 50% correction. It ended the day with that 50% retracement acting as a level of support. With todays drop we are still in a PRIMARY TREND, this persist until the weight of the evidence proves otherwise and it starts to...

aramBull_Bearnando

QQQ has reached the swing pivot low level of demand. I will go long tomorrow morning on the 325 June 18 Calls. Currently long the ATM 316 Calls.

aramBull_Bearnando Updated 

4101.25-4120.50 is acting as a major Support. It has been holding for a month. Breaking this will generate another wave of selling. Primary trend is still up with a swing pivot low at 4120.50 and newly develop swing pivot high at the ATH of 4238.25. A break of that swing pivot low at 4120.50 will terminate its Daily chart primary trend and switch to a secondary...

aramBull_Bearnando Updated 

May is here and what will it be of these markets. Historically the next 6 months are the lowest returns. ES futures are up roughly 14% YTD. Primary trend is still intact and the strength of this trend seems to be losing some strength on a short term basis. The 50% retracement at 4163 has been acting as Support, breaking this will tell me that it will drop lower...

aramBull_Bearnando Updated 

ES broke through our 240min 4200 demand level like a hot knife through butter. It is currently bouncing from a level of support. The next level to watch is 4165.75 which is the next level of demand, this one is closer to the Swing Pivot Low, which gives it better odds as we play the edges of the swings. Keep in mind that this level is huge! Preferably drop to a...

aramBull_Bearnando Updated 

SPY has been trading in a range for the past week, consolidating in a box range as investors and traders wait on the sidelines to see the reaction on Mays historical profit taking month and Powell speaks today at 2pm which can indicate a choppy Monday session as investors and traders await Powell's statements. The Daily primary trend is still up with the...

aramBull_Bearnando Updated 

QQQ is breaking its Support level around 333 pre-market. Its top 10 holdings (FAANGM, INTC, NVDA, NFLX, TSLA) have been selling off which is the reason why QQQ is falling as well. Breaking this level of support is telling me that it will drop to the level of demand around 331. We can see a short term bounce from that level. A stronger level of demand and support...

aramBull_Bearnando Updated 

FEAR OF INFLATION? Gold continues to RISE! HARD ASSETS (gold / silver) ARE CONSIDERED AN INFLATION HEDGE AGAINST SOFT ASSETS (stocks). Stocks have been at ATHs and there are signs that tell me that the FED will come in to put the breaks on the economy. By doing so they will start to raise interest rates soon. Rate spike = Bonds drop = yield spike = people...